Another way to avoid gift tax is to use the lifetime exemption. The lifetime exemption is a limit on the total amount of gifts that an individual can give over their lifetime before owing gift tax. As of 2021, the lifetime exemption is $11.7 million per person. This means that an individual can give up to $11.7 million over their lifetime without owing any gift tax. This can be a useful tool for individuals who want to transfer a large amount of wealth to their loved ones. Read more https://thebookify.com/how-to-avoid-gift-tax/